Lord Rees says that governments need to spend hundreds of millions
Although the likelihood of an asteroid impact is low, scientists are sure that one day a space rock will hit us again.
To ensure that humans do not suffer the same fate as the dinosaurs, Lord Martin Rees, who is the UK Astronomer Royal, has urged authorities to get spending to protect us.
The member of the Royal Households said that there should be a better detection system in place, as well as a deflection system.
Speaking at a press conference, Lord Rees said: “I think we are all aware that we on planet earth are vulnerable to impacts from outside we know evidence these have happened in the past.
Royal Astronomer Martin Rees
“It may not be the greatest risk or highest profile short term risk confronting Earth, but if you make an assessment of what insurance premium it is worth paying in order to reduce impact, you would come up with a figure of several hundred million euros a year – which the world should be spending to reduce this risk.
“We know that asteroids pose risks to Earth and recent advances in sensor technology have radically improved our ability to detect and deflect these Near Earth objects.”
An asteroid crash is inevitable in the future
Lord Rees was speaking at a conference ahead of World Asteroid Day which falls on June 30.
It will be the third Asteroid Day and comes exactly 109 years after a large meteorite exploded over the skies of the Russian countryside.
Get Quotes on Home Insurance
Deflecting asteroids has been touted as a possible solution
Scientists fear not enough is being done to protect us from asteroids and have highlighted the Chelyabinsk incident – also in Russia – in 2013 as reason to raise awareness.
Its entrance into the atmosphere went unnoticed by experts who were meant to be tracking asteroids, and had it been much larger, it would have caused a lot more damage and potentially even mass deaths.
Top Facts About Asteroids
Wed, October 12, 2016
Asteroids are small, rocky objects that orbit the Sun. The first asteroid was Ceres, discovered by Giuseppe Piazzi in 1801. There are currently over 600,000 known asteroids in our solar system. Most asteroids are found orbiting in the Asteroid Belt, a series of rings located between the orbits of Mars and Jupiter.
1 of 10
There are Millions of Asteroids in the solar system, usually found in the Asteroid belt between Mars and Jupiter, however those in that pass the Earth are called Near-Earth objects
Mark Boslough, a physicist at Sandia National Laboratories and one of the founders of Asteroid Day, said: "An event like Chelyabinsk happens about once every 50 years, and we don't have a system designed to discover and track these things.”
Grig Richters, a director and co-founder of the annual event, added: "This is not about fear mongering, it’s about being aware there is a potential threat, and understanding better where we are from.”